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3 years ago

A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.What is the markup value?

Mathematics

2 answers:

Bezzdna [24]3 years ago

8 0

Answer: $475

Step-by-step explanation:

Given : A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.

i.e. The original cost of item = $9,500

Mark up percentage = 5% = 0.05

The formula given to find the mark up value is :_

$\text{Mark up}=\text{Original cost * percentage mark up}\\\\\Rightarrow\ \text{Mark up}=9500\times0.05=\$475$

Hence, the mark up value = $475

Alik [6]3 years ago

7 0

The markup cost is 475 dollars!

Hope this helps!
♤MidnightQueen

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<em><u>Solution:</u></em>

Given that,

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$\frac{1}{4}(300) + \frac{1}{4}(260)$

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see the attached figure to better understand the problem

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